Defined Benefit (Pension) · DOL Form 5500 · 2024

Morganite Industries, Inc. Pension Plan

Data updated 2026-08-11

$127M
Total assets
317
Participants
92nd
Percentile by assets
$400,638
Avg per participant
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Official DOL plan name: Morgan US Employees' Retirement Plan · Sponsored by Morganite Industries, Inc. · North Carolina · Manufacturing

$127M in assets, 317 participants

Morganite Industries, Inc.'s Morgan US Employees' Retirement Plan reported $127M in total assets and 317 participants in its 2024 DOL Form 5500 filing, ranking in the 92nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 92nd percentile by assets (of 123,622 plans)
  • #15,653 in Manufacturing (17,777 peers)

Coverage in North Carolina

Morgan US Employees' Retirement Plan covers 317 participants in North Carolina, about 39% of the average North Carolina filer (state average ~819 per filing). Assets: $127M.

$127M
total plan assets (2024 EOY)
317
covered participants
92nd
percentile by assets (of 123,622 plans)
$400,638
avg assets per participant

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Morgan US Employees' Retirement Plan sits by total assets

Morgan US Employees' Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$127,002,240 Top 8% higher than 92% of 123,620 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Morgan US Employees' Retirement Plan reported net income fell from -$578K in the plan year 2023 filing to -$9M in the plan year 2024 filing.
  • Morgan US Employees' Retirement Plan reported participants fell from 362 in the plan year 2023 filing to 317 in the plan year 2024 filing.
  • Morgan US Employees' Retirement Plan end-of-year assets fell from $136M in the plan year 2023 filing to $127M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
North Carolina
Industry
Manufacturing

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Morgan US Employees' Retirement Plan reports 317 participants - about 39% of that state average ($127M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)$136M
Net Assets (End of Year)$127M
Net Income-$9M
Employer EIN561268548
Plan Effective Date1971-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Morganite Industries, Inc.)

$360M$380M$400M$420M$440M 202220232024 $379M $417M ▲ +9.9%
Total plan assets by year, all Morganite Industries, Inc. plans on file
Year Plans Participants Total Assets
2022 2 2,402 $379M
2023 2 2,525 $402M
2024 2 2,634 $417M

Nearby Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Morgan US Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Morgan US Employees'…, Total assets ($B): 0.12700224 · Participants: 317Morgan US Employees'…Honeywell Retirement…, Total assets ($B): 16.577892612 · Participants: 9923Honeywell Retirement…Truist Financial Cor…, Total assets ($B): 14.698665729 · Participants: 38548Truist Financial Cor…Duke Energy Retireme…, Total assets ($B): 4.678 · Participants: 13576Duke Energy Retireme…Employees' Retiremen…, Total assets ($B): 2.784844379 · Participants: 22655Employees' Retiremen…The Hearst Corporati…, Total assets ($B): 2.397551709 · Participants: 1745The Hearst Corporati…
Morgan US Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Morgan US Employees' Retirement Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Morgan US Employees' Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Morgan US Employees' Retirement Plan assets move in 2024? ▼
Morgan US Employees' Retirement Plan pulled back noticeably - down 6.6% during 2024, from $136M to $127M. Reported net income was -$9M.
How have Morganite Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Morganite Industries, Inc.'s sponsor-wide assets grew 9.9%, from $379M to $417M.
Where does Morgan US Employees' Retirement Plan rank by assets among Form 5500 filers? ▼
Morgan US Employees' Retirement Plan ranks in the 92nd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Morgan US Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan for Kapl Employees in Participating Bargaining Units in PA ($127M, 141 participants).

Next read for Morgan US Employees' Retirement Plan

Filing takeaways

Ways to act on Morgan US Employees' Retirement Plan's numbers.

  • By total assets, Morgan US Employees' Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in North Carolina. Compare plans
  • Morganite Industries, Inc.'s sponsor-wide assets have grown 9.9% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561268548.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.